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Old 06-11-2018, 12:18 PM
 
Location: Lake Norman, NC
8,877 posts, read 13,915,570 times
Reputation: 35986

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Interested in writing a new will to replace the one we've had in place since the kids were young. Not enamored with the cost of having a lawyer prepare one.

I've seen do-it-yourself wills by companies such as LegalZoom and others, but I question their validity and enforceability in the state of NC.

So, some questions I have are...


Does NC recognize wills not prepared by attorney's?
Has anyone on C-D had experience with this type of will here in NC?
Any tricks or traps to watch out for?

Our estate is pretty simple. The wife and I will leave everything to each other when one of us passes. Then when we are both gone, the kids will equally inherit the rest. No trusts or anything complicated.
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Old 06-11-2018, 12:49 PM
 
Location: The Triad
34,090 posts, read 82,975,811 times
Reputation: 43666
Quote:
Originally Posted by Stripes17 View Post
Interested in writing a new will to replace the one we've had in place since the kids were young.
Not enamored with the cost of having a lawyer prepare one.

Our estate is pretty simple. The wife and I will leave everything to each other when one of us passes.
Then when we are both gone, the kids will equally inherit the rest. No trusts or anything complicated.
The mechanism to investigate is a TOD. Link. Link. <-- open and read

Assets get transferred on death to whoever you designate.
No trusts. No probate. No attorneys. Bank Accounts. Investment accounts. Houses too.
I'd still hire a good attorney for help to make sure all the t's are crossed and i's are dotted.

Quote:
I've seen do-it-yourself wills...
No. Just no.
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Old 06-11-2018, 02:45 PM
 
6,799 posts, read 7,382,278 times
Reputation: 5345
On line wills are tailored to meet the laws of the state you live in. As long as your estate is relatively small and your situation is simple, an online will is fine. In addition to signing and having witnesses sign the will, be sure to also do a "self proving affidavit" signed by you and the witnesses and notarized.
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Old 06-12-2018, 07:40 AM
 
Location: Raleigh, NC
5,888 posts, read 6,955,799 times
Reputation: 10288
Quote:
Originally Posted by Stripes17 View Post
Not enamored with the cost of having a lawyer prepare one.

Saving a few dollars on the front end could be very costly, if anything is done incorrectly. Unfortunately, you don't find that out until it is too late.


Suggestions I have seen are to get the DIY version and go through it to see if you can comfortably understand and answer all the questions and if it seems to meet your needs. This will at least eliminate lawyer time for them to explain everything to you. If you don't understand something, or decide your situation is too complicated, you could then go to a lawyer to have things completed.
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Old 06-12-2018, 05:37 PM
 
Location: Lake Norman, NC
8,877 posts, read 13,915,570 times
Reputation: 35986
Quote:
Originally Posted by don6170 View Post
Saving a few dollars on the front end could be very costly, if anything is done incorrectly. Unfortunately, you don't find that out until it is too late.
I won't find out, cause I'll be "gone"!!!

Seriously though, I understand. Thanks!
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Old 06-13-2018, 04:12 PM
 
Location: Raleigh NC
25,116 posts, read 16,215,541 times
Reputation: 14408
you might not be gone if it's your wife who passes away first.

There should certainly be a decent attorney who does wills and estates that can do it for $1K or less.
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